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The Adjusted Trial Balance columns of a work sheet for Planta Company follow. Complete the work sheet by extending the account balances into the
The Adjusted Trial Balance columns of a work sheet for Planta Company follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by entering the amount of net income for the reporting period. PLANTA COMPANY Work Sheet Balance Sheet and Statement of Owner's Equity Credit Account Adjusted Trial Balance Income Statement Account Title Number Debit Credit Debit Credit Debit 101 Cash $ 7,100 106 Accounts receivable 31,027 153 Trucks 42,500 154 Accumulated depreciation-Trucks $ 17,085 183 Land 30,000 2011 Accounts payable 16,543 209 Salaries payable 236 Unearned revenue 301 B. Planta, Capital 3,784 3,184 68,103 302 B. Planta, Withdrawals 11,553 + 403 Plumbing revenue 68,000 611 Depreciation expense-Trucks 5,695 622 Salaries expense 31,824 640 Rent expense 10,336 677 Miscellaneous expenses 6,664 Totals $ 176,699 $ 176,699 Net income Totals
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